Project Innerspace founder Jamie Beard and host Laura Pierpoint discuss direct lithium extraction (DLE) and other co-benefits being paired with geothermal energy projects.
Assertion Supported
Beard: Drilling 70,000 geothermal wells yearly to 2050 meets global energy demand
“Current oil and gas well drilling capacity in the world, which is roughly, you know, 70,000 wells a year. We do that every year between now and 20 50. That meets global energy demand.”
Assertion Not checkable as stated
Beard: $1 billion could launch every active geothermal startup into field testing
“I mean, a billion dollars could launch every team I'm aware of into the field. That's, I mean, look, that's a drop of the bucket compared to the climate Problem.”
Insight
Beard: Syndicates must fund five sequential geothermal projects to avoid data-wait death
“We should not be waiting for five years of operational data. The reason he needs that is because he, you know, he needs to get funding for a second project, and that's why we need to fund five outright. Bam, bam, bam, bam. Stamp them out one after the other. I…”
Prediction Not checkable as stated
Beard: Geothermal will fail to scale if mired in climate lawsuits
“Geothermal is going to carry the baggage of a hundred years of fighting between the hydrocarbon industry and environmental and climate groups, and that, navigating that I mean, it will be incredibly important to, you know, making sure that we can achieve fast …”
Opinion
Beard: Using hydrogen for home heating is a facepalm compared to geothermal
“Every time I read a, an article, for instance, that's talking about you know, how we're sure we're going to heat homes with hydrogen. I literally, I mean, it's a facepalm moment, right? Because geothermal is just so much easier to do than that, right? And so, …”
Assertion Not checkable as stated
Beard: 20 geothermal startups are stranded needing $30M–$50M for demonstration projects
“There's 20 teams globally right now that could be in the field building a geothermal project that can't raise the 30 to fifty million dollars they need to go out and drill the well and build the plant”